RECOMMENDED!!ACC 561-Total manufacturing costs were $1,330,000.

  

Total manufacturing costs were $1,330,000.Cost of goods manufactured was $1,296,500.Applied manufacturing overhead was 30 percent of total manufacturing costs.Manufacturing overhead was applied to production at a rate of 80 percent of direct-labor cost.Work-in-process inventory on January 1 was 75 percent of work-in-process inventory on December 31.Compute the value of the company’s work-in-process inventory on December 31.

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